Surging Foreclosures Send Markets To Lower Close

Surging foreclosures rattled investors still reeling from the collapse of the subprime sector sending the markets plunging with the Dow posting its second largest drop of 2007. The blue chip index plummeted 243 points to 12,076 while Nasdaq skidded 52 points to 2351. S&P 500 tumbled 29 points to 1378. The 30-year bond rose as the yield slipped to 4.658%.